Post
Topic
Board Bitcoin Discussion
Re: HODLing Bitcoin isn't merely an "investment"
by
Ultegra134
on 03/05/2023, 18:10:09 UTC
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.

 Cool
How can HODLing/owning BTC weaken existing political strongholds? Could you explain? You touch on an interesting topic and it would be nice if you develop it better.

More useful can be from the use of bitcoin, which is, in fact, the first cypherpunks and conceived. After all, they conceived it as a digital means of payment, and not a means for investment. Their protest was to switch to an alternative currency from the traditional monetary system. So it turns out that the more people will use BTC, the stronger this revolutionary movement will be and the more the very strongholds of which you speak will be weakened.
I also don't understand how Bitcoin is perceived as a political movement that breaks down governments, as the OP is claiming. I recognize that governments certainly aren't fond of cryptocurrencies for obvious reasons (money laundering, tax evasion, privacy, no control over them, some of which are also extremely common with fiat currencies, but that's another story), although that doesn't cancel their investment nature. You may not consider holding as an active investment, but it's practically no different than buying an asset such as gold; you don't have to actively trade to be considered an investment.